Owner
Post by Franko10 ™ on Oct 31, 2005 10:31:16 GMT -5
SEC Revokes Registration Of CMKM Diamonds Stock
9:30am ET (Dow Jones Newswires)
By Carol S. Remond Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--The U.S. Securities and Exchange Commission said in its news digest Friday that a decision to revoke the registration of CMKM Diamonds Inc. (CMKX) stock is now final.
An administrative judge ruled in July that the SEC could deregister the shares of CMKM Diamonds because the company failed to file annual and quarterly financial reports with the SEC since 2002. The company had filed an appeal with the SEC, which it withdrew earlier this month.
CMKM Diamonds, a tiny Las Vegas company looking for diamonds in the Canadian province of Saskatchewan, had been trading on the unregulated Pink Sheets market where billions of CMKM Diamonds shares routinely change hands daily. CMKM Diamonds' elusive number of outstanding shares had been the topic of much speculation until earlier this year when the company said it had some 703.5 billion shares issued and outstanding.
Also final is the revocation of the stock of St. George Metals Inc. (SGGM), another struggling mineral exploration company, which had entered into a joint venture with CMKM Diamonds last year.
CMKM Diamonds have been the subject of several "In The Money" columns that highlighted its huge daily trading volume and the lack of information surrounding the company and its mineral claims.
-By Carol S. Remond, Dow Jones Newswires; 201-938- 2074; carol.remond@dowjones.com
(END) Dow Jones Newswires
10-31-05 0929ET
Copyright (c) 2005 Dow Jones & Company, Inc.
9:30am ET (Dow Jones Newswires)
By Carol S. Remond Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--The U.S. Securities and Exchange Commission said in its news digest Friday that a decision to revoke the registration of CMKM Diamonds Inc. (CMKX) stock is now final.
An administrative judge ruled in July that the SEC could deregister the shares of CMKM Diamonds because the company failed to file annual and quarterly financial reports with the SEC since 2002. The company had filed an appeal with the SEC, which it withdrew earlier this month.
CMKM Diamonds, a tiny Las Vegas company looking for diamonds in the Canadian province of Saskatchewan, had been trading on the unregulated Pink Sheets market where billions of CMKM Diamonds shares routinely change hands daily. CMKM Diamonds' elusive number of outstanding shares had been the topic of much speculation until earlier this year when the company said it had some 703.5 billion shares issued and outstanding.
Also final is the revocation of the stock of St. George Metals Inc. (SGGM), another struggling mineral exploration company, which had entered into a joint venture with CMKM Diamonds last year.
CMKM Diamonds have been the subject of several "In The Money" columns that highlighted its huge daily trading volume and the lack of information surrounding the company and its mineral claims.
-By Carol S. Remond, Dow Jones Newswires; 201-938- 2074; carol.remond@dowjones.com
(END) Dow Jones Newswires
10-31-05 0929ET
Copyright (c) 2005 Dow Jones & Company, Inc.
